What does bank — less: preferred stock dividends mean?

This represents the portion of the banking segment's earnings that is allocated to pay dividends on preferred equity instruments. Because preferred dividends are a fixed obligation that must be satisfied before common shareholders receive earnings, this deduction is necessary to determine the residual income available to common equity holders. It reflects the cost of capital associated with the segment's preferred stock financing.

Cullen/Frost Bankers (CFR) Bank — Less: Preferred stock dividends

Screener

Other segment segments

Non-Banks

$1.67M0.0%

Frost Wealth Advisors

$0—

Similar metrics at other companies

NLYAgency — Dividends on preferred stock

$0—

NLYMSR — Dividends on preferred stock

$0—

ALLCorporate — Less: Preferred stock dividends

$30M0.0%

NLYResidential Credit — Dividends on preferred stock

$0—

FIP

FIPSustainability — Preferred Stock Dividends and Other Adjustments

$0—

FIP

FIPRailroad — Preferred Stock Dividends and Other Adjustments

$37.22M—

Other financials

Income statement

See full

Revenue$574.8M+6.4%

Net income$171.0M+13.3%

EPS (diluted)$2.65+15.2%

Balance sheet

See full

Cash & equivalents$7.1B-9.0%

Total debt$296.4M—

Total equity$4.5B+10.1%

Total assets$52.7B+1.4%

Cash flow

See full

Operating cash flow$237.3M+180%

CapEx$38.6M-5.7%

Free cash flow$198.7M+159%

Valuation

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Market cap$10.32B+29.8%

P/E15.4×+2.4×

P/S4.6×+0.8×

Profitability

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Net margin29.5%+1.0pp

FCF margin3.5%—

Returns & leverage

See full

Return on equity15.5%0.0pp

Debt / equity0.1×—

Where this comes from

Reported directly by Cullen/Frost Bankers in its filing.

Tagged under the XBRL concept us-gaap:PreferredStockDividendsAndOtherAdjustments.

The source filing: Cullen/Frost Bankers’s 10-Q, filed April 30, 2026.

Filed: Apr 30, 2026, 5:18 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000039263-26-000035

Three months ended: / March 31, 2026	Banking	Frost Wealth Advisors	Non-Banks	Consolidated
Total non-interest expense	320,114	44,204	1,368	365,686
Income (loss) before income taxes	194,021	12,786	(4,401)	202,406
Income tax expense (benefit)	30,123	2,685	(1,389)	31,419
Net income (loss)	163,898	10,101	(3,012)	170,987
Preferred stock dividends	—	—	1,669	1,669
Net income (loss) available to common shareholders	$163,898	$10,101	$(4,681)	$169,318
Revenues from (expenses to) external customers	$520,880	$56,990	$(3,033)	$574,837
Average assets (in millions)	$52,035	$78	$9	$52,122

Item 1. Financial Statements (Unaudited)

FAQ

What is Cullen/Frost Bankers's bank — less: preferred stock dividends?: Cullen/Frost Bankers (CFR) reported bank — less: preferred stock dividends of $0 in Q1 2026.
What does bank — less: preferred stock dividends mean?: This represents the portion of the banking segment's earnings that is allocated to pay dividends on preferred equity instruments. Because preferred dividends are a fixed obligation that must be satisfied before common shareholders receive earnings, this deduction is necessary to determine the residual income available to common equity holders. It reflects the cost of capital associated with the segment's preferred stock financing.